This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: For a good to be nonrival, then A) one person's consumption of that good does not decrease ... (Read 90 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
For a good to be nonrival, then
 
  A) one person's consumption of that good does not decrease another person's consumption of that good.
  B) a person cannot be prevented from consuming that good even if he or she did not pay for it.
  C) a person is willing to pay any price to ensure that the product is available.
  D) a person is not willing to pay for the good because even without paying for it, the person can consume the good anyway.

Question 2

Long-distance travel by bus is an inferior good. As people's incomes increase and other things remain the same, you predict that the
 
  A) price of long-distance travel by bus will fall and the demand for long-distance travel by bus will increase.
  B) price of long-distance travel by bus will fall.
  C) demand for long-distance travel by bus will decrease and the price will rise.
  D) demand for long-distance travel by bus will increase as the price of long-distance travel by bus falls.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leahm14

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


RRMR

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
:D TYSM

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

A person with a defective "P" gene might only have it effect the Hair A person with a defective "P" gene might only have it effect the Hair
Diet Soda's Consumption's Association with Increased (not Decreased) Prevalence of ... Diet Soda's Consumption's Association with Increased (not Decreased) Prevalence of ...
Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan). Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan).
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ... Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ...
MRI scans of normal elderly person compared to one with Alzheimer's MRI scans of normal elderly person compared to one with Alzheimer's
Video: Renal Failure

For a complete list of videos, visit our video library